A 10-year investor visa, which offers long-term residency and stability for foreign investors, entrepreneurs, and high-achieving professionals, enabling them to live, work, and invest in the country without frequent visa renewals.
Vietnam’s Tourism Advisory Board (TAB) is calling on the government to introduce long-term visa programs—similar to “golden visas”—to boost competitiveness and attract more foreign investors, talents, and residents to the country.
In a formal proposal submitted to Prime Minister Pham Minh Chinh, the TAB emphasized that although Vietnam’s tourism industry is rebounding strongly post-Covid, it risks losing ground to regional neighbors like Thailand, Malaysia, and Indonesia—countries that have already implemented multi-year golden visa schemes for investors and skilled professionals.
The proposal outlines a 10-year investor visa, which would include the option to apply for permanent residency after five years, provided the investment is sustained. It also recommends a five-year “talent visa” designed for foreign experts and entrepreneurs, featuring a streamlined renewal process. These measures aim to position Vietnam as a more attractive, long-term destination for global investors, digital nomads, and high-net-worth individuals.
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The board suggests piloting these visa programs in key economic and tourism hubs such as Ho Chi Minh City, Hanoi, Da Nang, and Phu Quoc—areas already recognized for their strong international appeal and investment potential.
During a high-level government meeting on Monday, Prime Minister Pham Minh Chinh instructed relevant ministries to evaluate and expand Vietnam’s visa policies. The goal: to stimulate tourism, enhance the country’s global image, and create a more welcoming environment for foreign investors and skilled professionals looking to make Vietnam their second home.
If implemented, these new visa initiatives could mark a significant step in Vietnam’s journey toward becoming a premier destination not just for travel, but also for investment, innovation, and international living.
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Source: Vietnam Insider